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Updated almost 5 years ago, 03/03/2020

User Stats

12
Posts
6
Votes
Saidah Johnson
  • Rental Property Investor
  • Newport, KY
6
Votes |
12
Posts

Best advice for new real estate investments

Saidah Johnson
  • Rental Property Investor
  • Newport, KY
Posted

Hi, I am looking to buy my first rental property, but I’m having trouble getting started. What is some of the best advice you could give a newbie like me?

User Stats

1,899
Posts
725
Votes
Anson Young
Agent
  • Flipper/Rehabber
  • Denver, CO
725
Votes |
1,899
Posts
Anson Young
Agent
  • Flipper/Rehabber
  • Denver, CO
Replied

Saidah, congrats on getting the ball rolling!  I'd read up on everything you can, and also get to know your market.  Start with Brandon's book on rental property investing, and network with investors and agents in your area to get a good idea of areas to invest, what numbers look like in your area, etc.

User Stats

683
Posts
316
Votes
Jingru Sui
  • Real Estate Agent
  • Atlanta, GA
316
Votes |
683
Posts
Jingru Sui
  • Real Estate Agent
  • Atlanta, GA
Replied

Find your investment criteria. Get yourself a realtor. Save up some down payment. 

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User Stats

168
Posts
268
Votes
George Pauley
  • Chandler, AZ
268
Votes |
168
Posts
George Pauley
  • Chandler, AZ
Replied

Realize you are going to make mistakes.  But you'll get through them and learn and get better with each mistake.  Don't let the fear of the mistakes (which usually cost $$$) keep you from getting started.

User Stats

12
Posts
6
Votes
Saidah Johnson
  • Rental Property Investor
  • Newport, KY
6
Votes |
12
Posts
Saidah Johnson
  • Rental Property Investor
  • Newport, KY
Replied

@George Pauley thank you so much for you help! Can’t wait to get started

User Stats

12
Posts
6
Votes
Saidah Johnson
  • Rental Property Investor
  • Newport, KY
6
Votes |
12
Posts
Saidah Johnson
  • Rental Property Investor
  • Newport, KY
Replied

@Anson Young thank you for your help. Getting Brandon’s book is definitely on my to do list.

User Stats

1,899
Posts
725
Votes
Anson Young
Agent
  • Flipper/Rehabber
  • Denver, CO
725
Votes |
1,899
Posts
Anson Young
Agent
  • Flipper/Rehabber
  • Denver, CO
Replied
Originally posted by @Saidah Johnson:

@Anson Young thank you for your help. Getting Brandon’s book is definitely on my to do list.

 You wont be disappointed, for sure!